SAP Knowledge Base Article - Preview

3209076 - VAT Adjustment for Cash Discount in UK Localization Database

Symptom

 When an A/R or A/P Invoice having cash discount in payment terms is added, the VAT is calculated on the discounted net price.


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Environment

SAP Business One

Product

SAP Business One all versions ; SAP Business One, version for SAP HANA all versions

Keywords

PPD, discounted terms, discounted tax, wrong, incorrect, unexpected, VAT declaration, VAT obligation, Great Britain, United Kingdom , KBA , fin , financials , SBO-ADM-SET-FIN-TAX , Tax Code Setup, Tax Code Determination , SBO-REP-FIN-ACC-TAX , Tax Reports , SBO-LOC-UK , United Kingdom of Great Britain and Northern Ireland , How To

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